Scott Podvin

We are now liquidating our remaining units at The Crest at Waterford Lakes, central Florida's premier condominium community located a mile from UCF, the Waterford Lakes Town Center, Lockheed Martin, Siemens, Central Florida Research Park. This one time liquidation sale reflects a 75% discount of the original purchase prices for each of the following units, which are hereby being offered for sale:

•a) $35,000 for our 1/1s (we have two left); and,

•b) $60,000j for our 3/2s (we have 1 left).

If purchase one of these units in the next week, the seller is willing to offer you financing.

Please let me know if you are interested in buying or knowing someone who is ready to take advantage of a chance of a lifetime, as these units are being marked to a 75% discount from original sales price.

Please call me at 786-350-0786 if you or someone you know may be interested in buying any or all three of these condominium units at The Crest at Waterford Lakes.

Thank you,

Scott Podvin, Mngr

Information Management Network (IMN) invited me to serve as a speaker at its upcoming Distressed Hotel Symposium, which will be held at the Westin Diplomat Resort & Spa in Hollywood, Fl on April 30 - May 1, 2009.

I will be working together with some of the leading industry experts to explain the significant developments affecting the Hospitality Industry in 2009.

One of the highlights of the Symposium will be the Presidents' Panel, where leading hoteliers will discuss their strategies for exploiting opportunities that have resulted from this distressed real estate environment. The panel participants will include Peter G. Dumon, President THE HARP GROUP, INC.
Neil H. Shah, President & COO HERSHA HOSPITALITY TRUST; Tony Farris, Chairman & CEO QUORUM HOTEL ADVISORS; Steven C. Roberts, President ROBERTS HOTEL GROUP LLC; Mark Waltrip, Chief Operating Officer WESTGATE RESORTS.

Additional Cutting-Edge Agenda Topics Currently Include:

* RENEGOTIATING FRANCHISE & MANAGEMENT AGREEMENTS
* CONDO HOTELS, FRACTIONALS & HOTEL RESIDENCES
* MIXED-USE & MASTER-PLANNED PROJECTS
* OPERATING HOTELS & DEALING WITH PIPS
* BRAND EVALUATION & THE CANCELLATION OF FLAGS
* FINANCING UPDATE

I am on the "LEGAL & DUE DILIGENCE ISSUES TO WATCH OUT FOR WHEN ACQUIRING DISTRESSED HOTELS" panel, which will discuss the contours and parameters of the following topics:

· Evaluating Exactly Why The Project Failed

· Valuation Issues

· Possible Title Complexities

· Contract Negotiation

· Assessing Local Markets

· Issues With Incomplete Projects

· Brand & Management Company Considerations

• Evaluating Real Cash Flow The Project Generates

The Session Chair of the Panel is Joel Hiser, President HORWATH HOSPITALITY & LEISURE, LLC, and the other Panel Participants are as follows:
Scott L. Podvin, Managing Director THE CREST AT WATERFORD LAKES, LLC
Patrick Deming, Managing Director EASTDIL SECURED
Howard Shapiro, President HOWARD SHAPIRO & CO.
Marv Pearlstein, Partner MANATT
David Neff, Partner PERKINS COIE

Smart Growth Initiatives, Sustainable Development Movement. Smart growth in the United States has been defined as environmentally sensitive land development whose goals are to minimize dependence on automobile transportation, reduce air pollution, and make infrastructure investment more efficient. The movement was started to combat sprawl, a form of urbanization earmarked by growth centered disconnected patterns of development, commercial strips, low density, separated land uses, automobile dominance, and minimal public open space.

Today, cities around the country have adopted "the smart growth movement" as a framework for urban, and at times, suburban revival.

The National Center for Smart Growth Research and Education recently published "ten principles of smart growth", which supports the development and resurgence of American cities. The principles annunciated by the National Ceneter endorse mixed-land uses, compact building design with vertical configuration, housing opportunities and choices, walkable communities, a strong sense of place, a variety of transportation choices, preservation of open space, preservation of existing buildings and communities, cost effectiveness, and collaboration with stakeholders and the community.

All of these principles suggest the increasing need for mixing residential uses with retail, restaurant, leisure, entertainment, and cultural uses. The provision of urban mixed-use developments, while predating the adoption of smart growth by some communities, fits perfectly into the smart growth development philosophy now being adopted by every major city in the United States.

Research shows that people who live in smart growth communities drive as much as 30 percent less than those who live in spread-out developments.¹ As a result, they generate fewer hydrocarbons and nitrogen oxides, the chemicals that mix with sunlight to form ground-level ozone. Lower ozone levels may reduce the incidence of asthma attacks. Studies suggest that efforts to reduce driving in Atlanta during the 1996 Olympic Games not only reduced traffic, but may also have reduced the number of acute care asthma cases by 11 to 44 percent.²

Efficient, less spread-out growth can also reduce the demand for and cost of clean drinking water. Households in compact communities that are near water treatment facilities tend to use and lose less water, and require less infrastructure investment than more distant, dispersed developments.³ Research from Utah suggests that the cost of supplying water to households in close-in communities could be as much as 20 percent less than the cost for communities on the edge of developed areas.⁴ Using existing infrastructure wisely and encouraging growth in already-developed areas can help communities continue to grow within their water supplies and their budgets.